4550 Montgomery Ave.
Suite 1000N
Bethesda, MD 20814
Google Maps
Contact
Main Phone: 301-951-4800
Web Site:
http://www.calvertgroup.com/
Mutual Fund Brand(s)
Calvert Funds
Research Links
SEC Fund Filings by CIK
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Background:
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On October 21, 2016, publicly-traded asset manager Eaton Vance [profile] unveiled a deal to buy Calvert from Ameritas.
Calvert Investments, known for its socially responsible mutual funds, got its start in 1976 when founders D. Wayne Silby and John G. Guffrey, Jr. launched the First Variable Rate Fund for Government Income, which was the first variable-rate government money market fund in the U.S. at that time. In 1982, Calvert introduced the Calvert Social Investment Fund (CSIF) — a group of portfolios that incorporated environmental, social and governance criteria into their investment-selection process. This criteria selection resulted in the launch of Calvert's first Sustainable and Responsible Investments (SRI) products in 1982, and in 1986 Calvert became one of the first mutual fund shops to sponsor a social shareholder resolution.
In 1984, Calvert was purchased by the Acacia Mutual Life Insurance Company, which then became the Acacia Mutual Holding Company in 1997 and in 1999 merged with Ameritas Mutual Insurance Holding Company to form the Ameritas Acacia Companies. In 2006, Calvert's corporate hands shifted again when Ameritas Acacia merged with the Union Central Mutual Holding Company. The combined entity was renamed the UNIFI Mutual Holding Company (UNIFI Companies).
Calvert pioneered numerous responsible, socially-conscious initiatives including divestment from South Africa to protest apartheid in 1982, creation of the High Social Impact Investments, which target one percent of investments in selected Calvert Funds, in 1990 to support community investments, and the formation of a Special Equities program in 1992 that invested in early-stage companies with a social mission.
The firm in 1998 secured an advisory opinion letter from the Department of Labor, establishing the fiduciary basis for defined contribution plans to invest in SRI funds.
In 2008, Calvert's affiliated parent company UNIFI consolidated its mutual fund subsidiaries by combining Calvert Funds and Summit Mutual Funds. As part of the transaction, the Calvert Asset Management Company (CAMCO) purchased the mutual fund operations of Summit Investment Partners, Inc., adding three funds to Calvert's roster. Calvert became the adviser to the Summit Mutual Funds, which include the Apex series of retail funds and Pinnacle variable insurance portfolios.
Barbara J. Krumsiek is currently the president, chief executive officer and chair of Calvert, having joined the firm in 1997 as CEO. Before arriving at Calvert, Krumsiek was a managing director at Alliance Capital Management LP, where she oversaw mutual fund and variable insurance product lines totaling over $17 billion in assets. Krumsiek is credited with helping Calvert implement several initiatives designed to advance women and minorities in business and has earned numerous awards during her career, including being named one of "Washington DC's 100 Most Powerful Women" in 2006 and grabbing a spot as one of Washingtonian Magazine's "150 Most Influential People in Washington D.C." in 2007.
Bethesda, Maryland-based Calvert Group, Ltd. Is the holding company for Calvert's operating and management companies, which include Calvert Asset Management Company (CAMCO), the advisor and manager for Calvert funds; Calvert Shareholder Services, the shareholder services agent for Calvert funds; Calvert Administrative Services Company, the provider of accounting, legal, and other administrative services for Calvert funds; and Calvert Distributors, the principal underwriter/distributor for Calvert funds.
In May 2014, Barbara Krumsiek announced that she would step from her roles as president and chief executive of Calvert as of December 31, 2014. She will retain her role as board chair. Krumsiek will become the founding chair of the newly formed Calvert Institute.
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Sponsored Opportunities
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Key People:
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John Streur
CEO, President, Calvert Investments | William Tartikoff
Senior Vice President, Secretary, General Counsel, Calvert Investments | Ron Wolfsheimer
Executive Vice President, Chief Financial and Administrative Officer, Calvert Investments | Karen Becker
Retired-Chief Compliance Officer, Senior Vice President, Securities Operations and Product Compliance, Calvert Investments | Catherine Roy
Senior Vice President, Chief Investment Officer, Fixed Income, Calvert Investment Management | Alison Smith
Vice President, Client Services, Calvert Investments | Stan Young
Vice President, Client Services, Calvert Investments | Anthony Eames
Senior Vice President, National Sales Manager, Calvert Investments | Natalie Trunow
Senior Vice President, Chief Investment Officer, Equities, Calvert Investment Management | Jackie Zelenko
National Accounts-Institutional Sales, Charles Schwab | Lynne Ford
President, CEO, MissionSquare Retirement (fka ICMA-RC) | Bennett Freeman
Senior Vice President, Sustainability Research and Policy, Calvert Investments | Kathy Torrence
Vice President, Corporate Sustainability and Community Partnerships, Calvert Investments | Christine Teske
Senior Manager | Retirement Business Services - Client Experience, Charles Schwab |
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